Fxsignals
EUR/NZD Signal UpdateSeeing no reason to take any profit off of the table with the trade. The pin bar (2nd previous candle) was the ideal exit, however I assume those in the U.S. we're asleep. The previous candle printed a perfect hammer candle stick, the opposite to the inverted hammer the candle before. This can be helpful with the assumption that these candle patterns will continue to be useless on the 1 time frame.
Currently floating +89 pips with 100% of our position open. If the 1-hr descending trendline is broken I will consider taking some profit at that point.
EN Signal Update
Grossing +120 pips through the London session, this has been an absolute perfect trade with 0 drawdown.
Currenting trading +80.5 pips.
EURO Short SignalNew Signal
EUR/USD
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open
This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume, making the overall bias as bearish. We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
AUDUSD Retains Its Broader Downside Bias AUDUSD threatens further downside pressure as it sold off on Tuesday. On the downside, support lies at the 1.6650 level. A cut through here will turn focus to the 0.6600 level and then the 0.6550 level where a violation will set the stage for a retarget of the 0.6500 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.6750 level where a breach will aim at the 0.6800 level. Below here will open the door for a run at the 0.6850 level and then the 0.6900 level. On the whole, AUDUSD faces further downside threats medium term.
EURCHF - Selling strength this morning.DAY TRADE - EXPIRES AT 9PM
Trade Idea
Broken out of the triangle formation to the downside.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We look for a re-test of the upward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1105, resulting in improved risk/reward.
The conflicting views have resulted in the immediate outlook being hard to interpret.
We look to Sell at 1.1105
Stop: 1.1125
Target 1: 1.1055
Target 2: 1.1020